Twin Disc (NASDAQ:TWIN) Stock Rating Upgraded by StockNews.com

Twin Disc (NASDAQ:TWIN – Get Rating) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

Twin Disc Trading Down 2.1 %

Shares of Twin Disc stock opened at $10.90 on Friday. The firm has a 50-day moving average of $10.41 and a 200-day moving average of $10.35. The stock has a market cap of $150.64 million, a PE ratio of 15.35 and a beta of 1.00. Twin Disc has a 52-week low of $7.91 and a 52-week high of $14.46. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.90 and a current ratio of 2.44.

Institutional Investors Weigh In On Twin Disc

Several institutional investors and hedge funds have recently bought and sold shares of TWIN. US Bancorp DE lifted its holdings in shares of Twin Disc by 85.0% in the third quarter. US Bancorp DE now owns 3,145 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 1,445 shares during the last quarter. CM Wealth Advisors LLC bought a new position in shares of Twin Disc in the first quarter worth about $102,000. Jane Street Group LLC bought a new position in shares of Twin Disc in the first quarter worth about $105,000. Susquehanna International Group LLP acquired a new position in shares of Twin Disc in the fourth quarter valued at approximately $243,000. Finally, Millennium Management LLC increased its stake in shares of Twin Disc by 47.0% in the second quarter. Millennium Management LLC now owns 32,315 shares of the industrial products company’s stock valued at $293,000 after buying an additional 10,332 shares during the period. Institutional investors own 61.16% of the company’s stock.

About Twin Disc

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Twin Disc, Inc engages in the manufacturing and marketing of marine and off-highway power transmission equipment. It operates through the Manufacturing and Distribution segments. The Manufacturing segment refers to the manufacturing, assembly, and office facilities in Racine, Wisconsin, U.SA, Nivelles, Belgium, Decima, Italy, and Switzerland.